The San Carlos Real Estate Week in Review: 8/19/2019.

This is the first week back for many of the local schools, and the local real estate market is geared up for the beginning of the Fall market.  Just this past week, eight new listing jumped into the market and that pushed our local inventory to 24 homes for sale, up from 18 last week.  Look for the listing activity to increase significantly as sellers race to beat the Labor Day weekend.

For the second straight week, there were more homes that sold below their asking price than homes that sold at or above.  This week in particular was the first time in quite few months that not a single home closed above the list price. This is much more a byproduct of coincidence, and not an indication that the market is taking a nosedive.  There will be other sales this week that will be well above the asking price, as is what we have come to expect in the San Carlos real estate market.

Here are the sales numbers from last week:

The Numbers.

Below is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 8/18/2019:

San Carlos SFR Data	8/18/19	Prior Week
Number of Closed Sales:	4	5
Average Sales Price:	$1,700,000	$2,434,200
Median Sales Price:	$1,595,000	$2,236,000
Average % Sold vs List Price:	95%	97%
Average DOM of Closed Sales	47	36
Average $/Sq Foot (Sold)	$1,185	$990
No. of New Listings:	8	5
Total # of Active Listings:	24	18
Average Price of Active Listings:	$2,066,995	$2,260,049
Average DOM of Active Listings:	33	38
Average $/Sq Foot (List)	$949	$969
Total # of Homes Pending Sale:	13	15
Active-Pending Ratio:	1.8 : 1	1.2 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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San Carlos Single-Family Residences Sold:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address	Sold Price	Orig. List	Difference	$/Sq Foot	DOM (days)
933 Woodland Avenue (4BR/3BA)	$2,450,000	$2,650,000	-$200,000 (-7.5%)	$1,000	83
120 Arundel Road (2BR/2BA)	$1,630,000	$1,725,000	-$95,000 (-5.5%)	$1,148	38
1457 Walnut Street (2BR/1BA)	$1,560,000	$1,560,000	$0 (0%)	$1,288	31
970 Holly Street (2BR/1BA)	$1,160,000	$1,260,000	-$100,000 (-7.9%)	$1,303	37

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos last week. Click on the address of each home to see more details and photos:

Address	List Price	DOM (days)
120 Brook Street	$2,088,000	10
1705 Eaton Avenue	$3,449,000	5

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New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
1860 Arroyo Avenue	$2,898,000	4BR/4BA	2,938/5,184	Robert Bredel, dwell
2921 Brittan Avenue	$1,998,000	4BR/3BA	2,070/10,875	Johnny Heckenberg, Compass
2696 San Carlos Avenue	$1,787,000	3BR/2.5BA	2,109/12,608	Alice Chakhmazova, Coldwell Banker
208 Garnet Avenue	$1,698,000	3BR/2BA	1,446/5,450	Gary Bulanti, Compass
412 Sycamore Street	$1,698,000	3BR/2BA	1,619/5,896	Chris Anderson, Compass
61 Hilltop Drive	$1,599,000	3BR/1.5BA	2,060/8,700	Mariana Pappalardo, Today Sothebys
1004 Sylvan Drive	$1,588,000	3BR/2BA	1,620/5,000	Lucy Goldenshteyn, Refin
416 Winding Way	$1,398,000	3BR/2BA	1,400/5,400	Joseph Polyak, Keller Williams

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